| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 79th | Best |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7940 Bodega Ave, Sebastopol, CA, 95472, US |
| Region / Metro | Sebastopol |
| Year of Construction | 1973 |
| Units | 26 |
| Transaction Date | 2002-02-12 |
| Transaction Price | $729,000 |
| Buyer | MCCLINTOCK REED B |
| Seller | FINKELSTEIN STANLEY |
7940 Bodega Ave, Sebastopol CA Multifamily Investment
Neighborhood fundamentals point to durable renter demand and high occupancy, according to WDSuite’s CRE market data, with this 26-unit asset positioned to benefit from a high-cost ownership market and strong local amenities.
Sebastopol’s A+–rated neighborhood ranks 1st out of 138 neighborhoods in the Santa Rosa–Petaluma metro, reflecting a concentrated mix of lifestyle amenities, schools, and access that supports leasing stability. Amenity density is a local strength, with restaurants, groceries, pharmacies, and childcare all scoring in the mid‑90s national percentiles, giving operators day‑to‑day convenience advantages that help with retention.
Rents in the neighborhood sit in the upper tiers locally (near the 89th percentile nationally), while the rent‑to‑income ratio is around 0.20, suggesting manageable affordability pressure relative to incomes and supporting renewals. Median home values are elevated (mid‑90s national percentile), typical of a high‑cost ownership market; for multifamily investors, this context tends to sustain reliance on rental housing and can underpin pricing power.
Occupancy for the neighborhood is high at about 98% (neighborhood metric, not property‑specific), and the share of housing units that are renter‑occupied is substantial at roughly 63%, indicating a deep tenant base for multifamily product. By contrast, demographic statistics aggregated within a 3‑mile radius show a smaller renter share today with projections pointing to more households and a modest increase in renter concentration over the next five years, which would expand the viable renter pool and support occupancy stability.
Vintage also matters: built in 1973, the property is newer than the neighborhood’s average construction year of 1960. That relative age profile can enhance competitive positioning versus older stock, though investors should underwrite typical modernization and system updates common to 1970s assets.
Safety indicators are mixed and should be evaluated in context of the broader metro and national trends. Overall crime levels track around the national midpoint, while property offenses have improved notably year over year, with one of the stronger declines nationally. At the same time, violent offense rates sit below the national midpoint and have risen over the past year, warranting routine risk management and security best practices.
These measures reflect neighborhood‑level conditions within the Santa Rosa–Petaluma metro (138 neighborhoods total) and are not block‑level estimates. Operators typically mitigate risk through lighting, access controls, and resident engagement, aligning with insurer and lender expectations.
Proximity to regional employers supports commute convenience and a stable renter base, led by logistics operations noted below.
- FedEx Headquarters — logistics/corporate offices (8.6 miles)
This 26‑unit, circa‑1973 property aligns with a high‑amenity, high‑occupancy neighborhood where renter demand is reinforced by elevated home values and strong household incomes. Neighborhood occupancy is about 98% (neighborhood metric), and the renter‑occupied share is sizable, pointing to depth of demand and renewal potential. Based on CRE market data from WDSuite, rent levels are supported by local incomes and the broader high‑cost ownership context, which typically sustains multifamily reliance and pricing discipline.
Forward indicators are constructive: within a 3‑mile radius, projections call for modest population growth and an increase in households over the next five years, implying a larger tenant base even as household sizes trend lower. The 1973 vintage is newer than the neighborhood’s average stock, offering competitive positioning versus older assets while leaving room for value‑add through targeted renovations and system modernization.
- High neighborhood occupancy and substantial renter concentration support leasing stability
- Amenity‑rich location with strong schools and incomes underpins retention and pricing
- 1973 vintage is newer than local average, with value‑add potential via upgrades
- High‑cost ownership market reinforces multifamily demand and tenant reliance
- Risks: mixed safety trends and cyclical swings in small‑market demand warrant conservative underwriting